To Date, Arent Fox Has Been the Only Major Law Firm to Acquire Real Estate in the Metaverse
The first major law firm in the country to enter the Metaverse by obtaining a land site in Decentraland, as published by The American Lawyer on February 15, Arent Fox is thrilled to announce. PwC was the first major worldwide professional services firm to publicly enter the Metaverse with Arent Fox’s help.
“For decades, Arent Fox has advised companies at the cutting edge of new technology developments and has been a pioneer in those trends itself. When it comes to having a website, it was one of the first large law firms to do so “said Anthony V.
Lupo, the chair of Arent Fox. “An office in the Metaverse is being opened by Arent Fox as our clientele are moving there. ‘Smart In Your World,’ as we like to say, encompasses the Metaverse for our clients. Advising on blockchain and digital asset business concerns is a way for us to help shape the future of this emerging industry.”
For both on-chain and off-chain businesses alike, Arent Fox’s Blockchain & Digital Assets department provides advice and assistance on how to best take advantage of both the potential given by blockchain and the issues it presents. As a result, he advises customers in every pillar of the Metaverse technological stack, including software and game developers, AR/VR device makers and digital asset marketplaces, and brands eager to monetize their intellectual property.
Schiff Hardin (read more here) and Arent Fox will unite on March 1, substantially enhancing the firm’s capabilities.
Managing Partner of Blockchain and Digital Assets James Williams says: “We are advising global fashion brands and professional sports teams and athletes as well as media companies on cutting-edge deals that involve venture financing, token protocol development, licensing and royalty structures and SEC regulatory compliance.
“Brands may make use of the Metaverse to find new ways to add value and engage their customers. Taking part in this new wave of technology is an important component of providing advice on it.”
Recently, Arent Fox’s Blockchain & Digital Assets team has been involved in advising:
50 Fortune NFT founders and blockchain venture capital funds in financing deals
Internationally acclaimed artists and major cable networks have signed agreements for joint NFT development and minting as well as custodial arrangements and platform agreements.
Team sponsors in the NBA, NFL, and Major League Soccer (MLS)
Athletes and media organizations working with blockchain game development
Payment processors for cryptocurrency
On private blockchain (hyperledger) implementations of national brands.
Law Firms, Lawyers, Etc
Paul Jenkins, CEO of Ashurst, has been reelected for a third four-year term beginning on Nov. 1. Sydney, Australia, and London are where he’s based. In the Global Legal Post,
Former Blockchain CLO and president Marco Santori, the new chief legal officer at San Francisco-based Kraken Digital Asset Exchange, said he plans to hire 30 lawyers in the next three months.
The goal is to assist the business in making a total of 12 acquisitions in the coming year. In the words of the BI
Three former clients of a Minnesota lawyer, a former county prosecutor, have accused him of rape and he has been released on bail. (Standard-Times)
In-house, Laterals, and Moves
In Washington, Stroock hired Baker McKenzie partner Tom Firestone, co-chair of that firm’s North American government enforcement task force. Co-chair of Stroock’s white-collar and internal investigations practice group, Firestone is a former New York federal prosecutor and a resident legal advisor at the U.S. Embassy in Moscow; he is also a partner in the national security, CFIUS, and compliance and litigation divisions.
Retiring FICA enforcement counsel Deborah Renner has rejoined Dentons in New York as a commercial litigation partner, according to Dentons’ press release. Keri Riemer, a partner at Baker Hostetler and a former SEC senior counsel at Sonnenschein Nath and Rosenthal, has joined K&L Gates as a counsel in its asset management and investment funds practice in New York.
“Within the next few months,” Helen Maher, the head of Boies Schiller Flexner’s sports and gaming practice, will join Cadwalader, a New York-based law firm, as an executive director and assistant general counsel.
It’s important to note that Chris DeCresce, the co-leader of Covington’s securities and capital markets practice in New York, has joined Paul Hastings as a partner and vice-chair of the practice group.
Law firms Dykema and Alston & Bird have both added new partners in Houston and Washington, D.C.: Isaac Villarreal of Dykema and Andy Green of Alston & Bird have both joined from McCathern.
Katten has hired Goodwin Procter’s John Corrigan as a partner in its private credit practice in Los Angeles, McDermott Will & Emery has taken Latham & Watkins’ global co-head of its power industry group, Clarinda Tjia-Dharmadi, to be its Asia transactions chair in Singapore, and Greenspoon has hired Greenspoon’s renowned tax attorney, Judith Goldstein. He worked at GrayRobinson before that.
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An experienced pharmaceutical industry executive has been hired as senior vice president and general counsel by San Francisco vaccine developer Vaxart, Inc. French aerospace, defense, and technology company Thales Group has announced that its group secretary and general counsel Isabelle Simon will also take on overall responsibility for matters relating to environmental societal responsibility for which it has created a new division.